MAROB
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Ghent, Kortrijk division
- Declared bankrupt
- 28 March 2023
- Supervising judge
- Rik Dekyvere
- Official Gazette
- 04-04-2023 (pdf) ↗search the document for 2023/112823
Deadlines
- Provisional date payments stopped
- 28 March 2023A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 19 April 2023Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 27 April 2023art. XX.104 and XX.155 CEL
- First verification report
- passed on 16 May 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 28 March 2024Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Sofie Vanden BulckeKoning Albertstraat 24 Bus 1, 8500 Kortrijksofie@lvda.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-03-2022 was due by 31-10-2022 and was filed on 03-11-2022, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2022
3 d late
2021
17 d late
2020
52 d late
2019
1 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 18 days after the deadline; the sector median for financial year 2022 is 16 days after the deadline, and 56% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?Process a list How is the Full-service restaurants sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2022, micro schema
Equity
-€78,943▼ 42.4%
2021 · -€55,454
Total assets
€143,832▲ 13.5%
2021 · €126,742
Net result
-€23,490▼ 41.3%
2021 · -€16,628
Working capital
-€91,564▲ 2.3%
2021 · -€93,742
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2019202020212022
Operating result€4,861--€37,997-€10,340▲ 72.8%-€17,088▼ 65.3%
Net result-€2,199--€44,127below the sector's middle half▼ 1,906%-€16,628below the sector's middle half▲ 62.3%-€23,490below the sector's middle half▼ 41.3%
Equity€5,301--€38,826below the sector's middle half-€55,454below the sector's middle half▼ 42.8%-€78,943below the sector's middle half▼ 42.4%
Total assets€176,860-€142,267within the sector's middle half▼ 19.6%€126,742within the sector's middle half▼ 10.9%€143,832within the sector's middle half▲ 13.5%
Debt€171,559-€181,092▲ 5.6%€182,195▲ 0.6%€222,775▲ 22.3%
Working capital-€62,181--€82,335below the sector's middle half▼ 32.4%-€93,742below the sector's middle half▼ 13.9%-€91,564below the sector's middle half▲ 2.3%
Solvency3.0%--27.3%below the sector's middle half▼ 30.3pp-43.8%below the sector's middle half▼ 16.5pp-54.9%below the sector's middle half▼ 11.1pp
Current ratio0.23-0.09below the sector's middle half▼ 0.140.14below the sector's middle half▲ 0.050.38below the sector's middle half▲ 0.24
Return on assets (ROA)-1.2%--31.0%below the sector's middle half▼ 29.8pp-13.1%below the sector's middle half▲ 17.9pp-16.3%below the sector's middle half▼ 3.2pp
Staff (FTE)3.3-4.2above the sector's middle half▲ 27.3%3.3▼ 21.4%2▼ 39.4%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,088 in 2022 against €10,340 in 2021; the loss grows.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €143,832
Fixed assets
€87,844 ▼ 21.5%
Current assets
€55,988 ▲ 278%
Equity and liabilities
Equity-€78,943
Debt€222,775
Equity is negative: debt (€222,775) exceeds the balance-sheet total (€143,832).
Key figures and ratios
EBITDA
€7,010▼
2021 · €13,758
Cash flow
€609▼
2021 · €7,471
Quick ratio
0.35▲
2021 · 0.11
Interest coverage
1.04
Debt ≤ 1 year
€147,552▲
2021 · €108,541
Debt > 1 year
€73,627▲
2021 · €73,509
Staff costs
€49,211
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €16,662 | - |
| Remuneration, social security and pensions62 | - | - | - | €49,211 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,148 | €24,099 | €24,099 | €24,099 | = |
| Other operating charges640/8 | - | - | - | €877 | - |
| Gross operating margin9900 | €137,051 | €109,146 | €45,602 | €57,098 | ▲ 25.2% |
| Operating profit (loss)9901 | €4,861 | -€37,997 | -€10,340 | -€17,088 | ▼ 65.3% |
| Financial income75/76B | - | - | - | €369 | - |
| Recurring financial income75 | €893 | €326 | €126 | €369 | ▲ 193% |
| Financial charges65/66B | - | - | - | €6,770 | - |
| Recurring financial charges65 | €7,953 | €6,455 | €6,413 | €6,770 | ▲ 5.6% |
| Profit (loss) for the period before taxes9903 | -€2,199 | -€44,127 | -€16,628 | -€23,490 | ▼ 41.3% |
| Profit (loss) for the period9904 | -€2,199 | -€44,127 | -€16,628 | -€23,490 | ▼ 41.3% |
| Profit (loss) for the period to be appropriated9905 | -€2,199 | -€44,127 | -€16,628 | -€23,490 | ▼ 41.3% |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €176,860 | €142,267 | €126,742 | €143,832 | ▲ 13.5% |
| Fixed assets21/28 | €158,490 | €134,392 | €111,943 | €87,844 | ▼ 21.5% |
| Tangible fixed assets22/27 | €158,490 | €134,392 | €110,293 | €86,194 | ▼ 21.8% |
| Plant, machinery and equipment23 | - | - | - | €2,203 | - |
| Furniture and vehicles24 | - | - | - | €579 | - |
| Other tangible fixed assets26 | - | - | - | €83,413 | - |
| Financial fixed assets28 | - | - | €1,650 | €1,650 | = |
| Current assets29/58 | €18,370 | €7,875 | €14,799 | €55,988 | ▲ 278% |
| Stocks and contracts in progress3 | €5,810 | €2,445 | €3,105 | €4,435 | ▲ 42.8% |
| Stocks30/36 | - | - | - | €4,435 | - |
| Amounts receivable within one year40/41 | €8,956 | €2,144 | €10,724 | €51,485 | ▲ 380% |
| Trade receivables40 | - | - | - | €49,630 | - |
| Other amounts receivable41 | - | - | - | €1,855 | - |
| Cash at bank and in hand54/58 | €1,346 | - | €454 | €68 | ▼ 85.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €176,860 | €142,267 | €126,742 | €143,832 | ▲ 13.5% |
| Equity10/15 | €5,301 | -€38,826 | -€55,454 | -€78,943 | ▼ 42.4% |
| Contributions10/11 | €7,500 | - | - | €7,500 | - |
| Profit (loss) carried forward14 | -€2,199 | -€46,326 | -€62,954 | -€86,443 | ▼ 37.3% |
| Amounts payable17/49 | €171,559 | €181,092 | €182,195 | €222,775 | ▲ 22.3% |
| Amounts payable after more than one year17 | €91,008 | €89,563 | €73,509 | €73,627 | ▲ 0.2% |
| Financial debts170/4 | - | - | - | €73,627 | - |
| Amounts payable within one year42/48 | €80,551 | €90,210 | €108,541 | €147,552 | ▲ 35.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €39,006 | - |
| Financial debts43 | - | - | - | €23,811 | - |
| Credit institutions430/8 | - | - | - | €23,811 | - |
| Trade debts44 | €35,554 | €43,493 | €11,909 | €82,662 | ▲ 594% |
| Suppliers440/4 | - | - | - | €82,662 | - |
| Taxes, remuneration and social security45 | - | - | - | €789 | - |
| Taxes450/3 | - | - | - | €789 | - |
| Other amounts payable47/48 | - | - | - | €1,283 | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,597 | - |
| Line | 2019 | 2020 | 2021 | 2022 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€2,199 | -€44,127 | -€16,628 | -€23,490 | ▼ 41.3% |
| + Depreciation and write-downs630 | €36,148 | €24,099 | €24,099 | €24,099 | = |
| Operating cash flow (approximation) | €33,949 | -€20,028 | €7,471 | €609 | ▼ 91.9% |
| Investment in fixed assets (approximation) | - | €0 | -€1,650 | €0 | ▲ 100% |
| Change in cash | - | - | - | -€386 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2023
04-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 28-03-2023
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2021
17-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 17 days late
2020
22-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 52 days late
31-03
Financial
Weakest financial yearnet -€44,127
Net result drops to -€44,127, the lowest in the series.
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2018
Ground area
98 m²
Building footprint
92 m²
Volume, LiDAR
641 m³
Parcel 34353H1243/00D000, Flanders · tallest building 12.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAND 44
since 20182.270.492.460
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353H1243/00D000 | Flanders | 98 m² | 1 · 92 m² | 12.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SOFIE VANDEN BULCKE Koning Albertstraat 24 Bus 1, 8500 Kortrijk |
28-03-2023 → present |
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,500 companies in this sector we hold annual accounts for 11,468. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded25-10-2017
Fiscal year end31-03
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.